Fairholme Capital Management LLC Has $28.65 Million Stock Position in Bank OZK (NASDAQ:OZK)

Fairholme Capital Management LLC lessened its stake in Bank OZK (NASDAQ:OZK - Free Report) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 643,402 shares of the company's stock after selling 9,700 shares during the quarter. Bank OZK accounts for 2.4% of Fairholme Capital Management LLC's investment portfolio, making the stock its 3rd largest position. Fairholme Capital Management LLC owned approximately 0.57% of Bank OZK worth $28,651,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Wasatch Advisors LP boosted its position in shares of Bank OZK by 19.3% in the fourth quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company's stock worth $316,281,000 after acquiring an additional 1,149,880 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Bank OZK by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,130,006 shares of the company's stock worth $183,909,000 after acquiring an additional 188,575 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Bank OZK by 30.4% in the fourth quarter. First Trust Advisors LP now owns 2,945,480 shares of the company's stock worth $131,162,000 after acquiring an additional 686,775 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Bank OZK by 12.6% in the fourth quarter. AQR Capital Management LLC now owns 2,811,354 shares of the company's stock worth $125,190,000 after acquiring an additional 314,488 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Bank OZK by 12.3% in the fourth quarter. American Century Companies Inc. now owns 2,176,997 shares of the company's stock worth $96,942,000 after acquiring an additional 238,810 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company's stock.

Bank OZK Stock Down 0.5%

Shares of OZK traded down $0.22 during trading hours on Friday, reaching $44.61. The company's stock had a trading volume of 623,640 shares, compared to its average volume of 1,337,432. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 7.27 and a beta of 0.85. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.64. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average of $42.49 and a two-hundred day moving average of $45.80.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.05. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The firm had revenue of $409.23 million for the quarter, compared to the consensus estimate of $403.05 million. During the same quarter in the prior year, the company posted $1.51 earnings per share. As a group, research analysts predict that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend was Monday, April 14th. This is an increase from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio (DPR) is 28.20%.

Analyst Ratings Changes

OZK has been the topic of several research analyst reports. Wells Fargo & Company decreased their target price on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley reduced their price target on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Keefe, Bruyette & Woods reduced their price target on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Finally, Stephens reduced their price target on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $49.13.

Bank OZK Profile

Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits.